Standish Mellon Could See High-Side U.S. GDP Number

The video discusses the unpredictability of GDP numbers and economic trends, highlighting the erratic nature of national income and product account data. It explores the Federal Reserve's monetary policy, including rate hikes and balance sheet reduction plans, and the potential impact on inflation and economic growth. The discussion also covers future economic expectations, emphasizing the importance of policy decisions and their effects on GDP growth.

What is a key reason for the unpredictability of GDP numbers as discussed in the video?

• Predictable consumer behavior

• Stable inflation rates

• Erratic national income and product account information

• Consistent economic policies

What has been the average GDP growth rate over the past eight years?

• 4%

• 2%

• 1%

• 3%

What is one of the Federal Reserve's potential actions discussed in the video?

• Decreasing government spending

• Raising unemployment benefits

• Starting balance sheet reduction

• Increasing tax rates

When is the Federal Reserve planning to start its balance sheet reduction?

• March

• September

• January

• December

What is the Federal Reserve's approach to setting expectations for the macro economy?

• Setting a medium bar

• Setting a low bar

• Setting a high bar

• Avoiding any expectations